KAT Exploration Inc (KATX)

[rubber duck]

Alright, let me give this a crack. Take it for what you want.

Bill Richardson's investigation by the SEC was surrounding some stock that he had parked with various family members and then illegally sold on the market while he was the head of Atlas Mining.

Sometime previous to this, Atlas Mining staked out KAT with funding for KAT to begin to develope a couple properties. I'd speculate that the deal was Atlas would get a cut of whatever KAT found, as it doesn't appear that KAT was publicly traded yet, so stock options wouldn't be possible.

After a year agreement, Atlas decided not to stake out KAT anymore, so KAT went on its own and Ken and Tim personally financed what little they could do.

KAT eventually went public as KATX and as you probably know even that wasn't a cakewalk, as the initial group of investors sold the stock out from under Ken and Tim and it tanked the stock to the sub-penny level. Now the company is back on its feet and is going ahead with a pretty good head of steam compared to where they were only a year ago.